Lamb Weston Holdings, Inc. (NYSE:LW) Shares Sold by Janney Montgomery Scott LLC

Janney Montgomery Scott LLC reduced its stake in shares of Lamb Weston Holdings, Inc. (NYSE:LW) by 35.9% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 46,480 shares of the specialty retailer’s stock after selling 26,088 shares during the period. Janney Montgomery Scott LLC’s holdings in Lamb Weston were worth $3,106,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in the company. City State Bank increased its holdings in Lamb Weston by 56.2% in the third quarter. City State Bank now owns 417 shares of the specialty retailer’s stock valued at $27,000 after buying an additional 150 shares in the last quarter. Northwest Investment Counselors LLC acquired a new stake in shares of Lamb Weston during the 3rd quarter valued at about $29,000. West Oak Capital LLC increased its stake in shares of Lamb Weston by 155.7% in the 4th quarter. West Oak Capital LLC now owns 450 shares of the specialty retailer’s stock valued at $30,000 after purchasing an additional 274 shares in the last quarter. Riverview Trust Co acquired a new position in Lamb Weston in the 3rd quarter worth about $35,000. Finally, CVA Family Office LLC boosted its position in Lamb Weston by 143.8% during the third quarter. CVA Family Office LLC now owns 573 shares of the specialty retailer’s stock worth $37,000 after purchasing an additional 338 shares in the last quarter. Hedge funds and other institutional investors own 89.56% of the company’s stock.

Insider Transactions at Lamb Weston

In other Lamb Weston news, Director Charles A. Blixt acquired 1,200 shares of the firm’s stock in a transaction on Monday, December 23rd. The stock was bought at an average cost of $63.25 per share, for a total transaction of $75,900.00. Following the completion of the purchase, the director now directly owns 22,982 shares in the company, valued at $1,453,611.50. This represents a 5.51 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Robert A. Niblock purchased 3,000 shares of the stock in a transaction that occurred on Monday, January 13th. The shares were purchased at an average cost of $60.94 per share, with a total value of $182,820.00. Following the completion of the acquisition, the director now owns 26,406 shares in the company, valued at approximately $1,609,181.64. This represents a 12.82 % increase in their position. The disclosure for this purchase can be found here. Corporate insiders own 0.72% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently commented on LW shares. Jefferies Financial Group boosted their price objective on Lamb Weston from $80.00 to $95.00 and gave the company a “buy” rating in a research report on Tuesday, December 17th. Citigroup lowered shares of Lamb Weston from a “buy” rating to a “neutral” rating and cut their price target for the stock from $90.00 to $68.00 in a report on Friday, December 20th. Bank of America increased their price objective on shares of Lamb Weston from $68.00 to $80.00 and gave the company a “neutral” rating in a report on Monday, October 21st. Barclays cut their target price on shares of Lamb Weston from $87.00 to $69.00 and set an “overweight” rating for the company in a research note on Monday, December 23rd. Finally, Stifel Nicolaus decreased their price target on shares of Lamb Weston from $80.00 to $68.00 and set a “hold” rating on the stock in a research note on Friday, December 20th. Eight research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat, Lamb Weston presently has an average rating of “Hold” and a consensus target price of $81.00.

Lamb Weston Stock Down 2.7 %

Shares of LW opened at $59.96 on Friday. The company’s 50-day simple moving average is $67.91 and its 200-day simple moving average is $68.18. The stock has a market capitalization of $8.55 billion, a PE ratio of 23.70, a P/E/G ratio of 1.51 and a beta of 0.73. The company has a debt-to-equity ratio of 2.26, a quick ratio of 0.53 and a current ratio of 1.35. Lamb Weston Holdings, Inc. has a 1 year low of $52.99 and a 1 year high of $107.50.

Lamb Weston (NYSE:LW) last announced its quarterly earnings results on Thursday, December 19th. The specialty retailer reported $0.66 EPS for the quarter, missing the consensus estimate of $1.01 by ($0.35). Lamb Weston had a net margin of 5.80% and a return on equity of 27.82%. The company had revenue of $1.60 billion during the quarter, compared to analysts’ expectations of $1.67 billion. During the same quarter in the prior year, the company earned $1.45 earnings per share. The business’s revenue for the quarter was down 7.5% on a year-over-year basis. Analysts forecast that Lamb Weston Holdings, Inc. will post 3.1 earnings per share for the current fiscal year.

Lamb Weston Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 28th. Investors of record on Friday, January 31st will be paid a $0.37 dividend. This is a boost from Lamb Weston’s previous quarterly dividend of $0.36. The ex-dividend date of this dividend is Friday, January 31st. This represents a $1.48 annualized dividend and a dividend yield of 2.47%. Lamb Weston’s dividend payout ratio (DPR) is 56.92%.

Lamb Weston Profile

Lamb Weston Holdings, Inc produces, distributes, and markets frozen potato products worldwide. The company operates through four segments: Global, Foodservice, Retail, and Other. It offers frozen potatoes, commercial ingredients, and appetizers under the Lamb Weston brand, as well as under various customer labels.